Northern Trust Corp Has $32.93 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Northern Trust Corp grew its stake in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) by 11.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,806,996 shares of the company’s stock after buying an additional 297,534 shares during the period. Northern Trust Corp’s holdings in CCC Intelligent Solutions were worth $32,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new position in CCC Intelligent Solutions during the fourth quarter valued at about $25,000. UMB Bank n.a. bought a new stake in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $28,000. TD Private Client Wealth LLC acquired a new position in shares of CCC Intelligent Solutions in the fourth quarter valued at $31,000. Quarry LP bought a new position in CCC Intelligent Solutions in the fourth quarter worth $36,000. Finally, GAMMA Investing LLC boosted its stake in CCC Intelligent Solutions by 286.9% during the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company’s stock worth $39,000 after buying an additional 2,479 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CCCS shares. Morgan Stanley reduced their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday. The Goldman Sachs Group dropped their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Finally, Barclays dropped their price objective on CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $12.19.

CCC Intelligent Solutions Trading Up 0.7 %

CCCS stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 450.23 and a beta of 0.76. The business has a fifty day moving average price of $8.97 and a 200 day moving average price of $10.57. CCC Intelligent Solutions Holdings Inc. has a fifty-two week low of $8.14 and a fifty-two week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business had revenue of $251.57 million during the quarter, compared to analysts’ expectations of $249.87 million. During the same period in the previous year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts expect that CCC Intelligent Solutions Holdings Inc. will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eileen Schloss sold 27,478 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total value of $236,310.80. Following the completion of the transaction, the director now owns 26,569 shares in the company, valued at $228,493.40. The trade was a 50.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric Wei sold 42,000,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total value of $433,440,000.00. Following the completion of the transaction, the director now owns 2,258,343 shares in the company, valued at $23,306,099.76. The trade was a 94.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,087,456 shares of company stock valued at $434,240,401. Insiders own 6.03% of the company’s stock.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.